News

The Free Trade Agreement between Ukraine and Turkey, concluded on February 3, 2022 and ratified by the Law of Ukraine No. 4932-IX of July 14, 2026, entered into force on October 1, 2026. The State Customs Service of Ukraine reported this.   The agreement applies to goods of groups 01–97 of the Harmonized System of Ukrainian or Turkish origin. Depending on the tariff schedules, they are subject to the elimination of customs duties, the application of reduced rates or tariff...

The halt in seaborne exports from Ukraine has hit the feed barley market hardest, where domestic demand remains limited. The lack of active export demand, coupled with falling wheat and corn prices, continues to put pressure on purchase prices. Due to the high cost of logistics to ports and buyers in the EU, farmers prefer to export oilseeds or corn, for which demand remains more stable.   Export demand prices for feed barley have decreased to UAH 6,500–7,000/t or...

The United States Department of Agriculture (USDA) released a report on grain stocks as of September 1, 2026, the data of which came as a surprise to corn traders and caused a sharp collapse in stock prices.   According to the USDA, US corn stocks increased by 35% compared to last year to 53.2 million tons, compared to 39.4 million tons a year earlier, and exceeded average market expectations and the USDA's August estimate by 4.3 million tons.   Soybean stocks fell 3%...

At the beginning of October, Ukraine's grain market remains under pressure from increasing new-crop supplies. The most pronounced weakness continues to be seen in the corn segment, while food wheat prices remain relatively stable. Pressure is also increasing in the sunflower and soybean markets.   Corn is currently being purchased at around UAH 6,500/t EXW, while FCA bids have declined to approximately UAH 6,000/t. Pressure is particularly noticeable in central regions, where...

Sunflower purchases in Turkey have effectively been suspended pending a decision on the new reference price, which is currently around $580/t.   Local producers insist on increasing it to $800–1000/t. Such a revision could significantly increase the actual costs of importers even after the planned reduction of the import duty rate to 12% from October 1.   According to the assessment of Sunseedman owner Veysel Kaya, at a reference price of $800–1,000/t, the duty...

Global biofuel production could increase by almost 70% by 2030 compared to 2025 levels, with producing countries increasingly using biofuels in response to the energy crisis caused by the conflict in the Middle East, according to a joint study by Chatham House and the Forest Stewardship Council (FSC).   Biofuels, including ethanol, can be produced from a variety of organic feedstocks, but a significant portion of them continue to be produced from food or feed crops. Bioethanol and...

At the end of September, Ukraine's grain market remains under pressure from increasing new-crop supplies. The strongest pressure continues to be seen in the corn market, where growing supply coincides with limited storage capacity and high transportation costs to the country's main export channels.   Corn is currently being purchased at around UAH 6,500/t EXW and UAH 6,300/t FCA. Domestic prices remain significantly below the levels seen in mid-September. Pressure is...

Dry and warm weather in Ukraine is accelerating the harvest of sunflower and soybeans, which is rapidly increasing supply on the domestic market and increasing pressure on purchase prices.   As of September 29, sunflower in Ukraine was harvested from 1.66 million hectares, or 32% of the area, 3.36 million tons were threshed with an average yield of 2 tons/hectare. The harvest forecast is estimated at 13–13.5 million tons compared to 10.5 million tons last season. At the same...